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CIMIC sells Nextgen stake ahead of Vocus deal

Connectivity BusinessbyConnectivity Business
August 25, 2016
in Investments
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International contractor CIMIC Group has agreed to sell its 29% stake in Australian fibre optic network operator Nextgen Group to the company’s other shareholder, Canada’s Ontario Teachers’ Pension Plan. The deal comes ahead of a sale of some Nextgen assets to Australian ISP Vocus. International contractor CIMIC Group (ASX:CIM) has agreed to sell its 29% stake in Australian fibre optic network operator Nextgen Group […]

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Tags: Asia PacificCIMICNextgen GroupNextgen NetworksOntario Teachers' Pension PlanPremiumTF248Vocus Communications
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